News Summary February 9, 2018 Today's Main Story: Pangasius Prices Spike to Record as Low Harvests and Demand from China Takes Hold
Opening the news today is a look at the pangasius market. Angel Rubio, director of Urner Barry Analytics, shows that pangasius prices have hit a record high prior to the Chinese New Year. There are a number of factors that are rapidly pushing up prices in the US market for pangasius, summed up as an overall shortage of fish. Demand for pangasius in China has been very strong, and it has encouraged those plants which are not certified to ship to the US. Those plants in turn have been making demands on farmers, and they are pulling smaller fish from the water that would have been harvested a month or two later. Click here for the analysis.
In other news, we post a piece that reports on how Washington state Senate Thursday passed a bill to phase out Salmon Farminig by a wide margin. The legislation, approved on a vote of 35-12, will end Atlantic salmon net-pen farming in Washington as existing leases terminate by 2025. The bill now heads to the House. Read more here.
Elsewhere, Zhangzidao scallops disappeared again and its main shareholder sold nearly 2 million shares before the incident became public. On the evening of January 30, the company released an announcement which said that there were abnormalities with its yesso scallops in some sea regions. And it is expected to suffer from a loss as much as 0.72 billion yuan ...

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Today's Main Story: Pangasius Prices Spike to Record as Low Harvests and Demand from China Takes Hold

Opening the news today is a look at the pangasius market. Angel Rubio, director of Urner Barry Analytics, shows that pangasius prices have hit a record high prior to the Chinese New Year. There are a number of factors that are rapidly pushing up prices in the US market for pangasius, summed up as an overall shortage of fish. Demand for pangasius in China has been very strong, and it has encouraged those plants which are not certified to ship to the US. Those plants in turn have been making demands on farmers, and they are pulling smaller fish from the water that would have been harvested a month or two later. Click here for the analysis.

In other news, we post a piece that reports on how Washington state Senate Thursday passed a bill to phase out Salmon Farminig by a wide margin. The legislation, approved on a vote of 35-12, will end Atlantic salmon net-pen farming in Washington as existing leases terminate by 2025. The bill now heads to the House. Read more here.

Elsewhere, Zhangzidao scallops disappeared again and its main shareholder sold nearly 2 million shares before the incident became public. On the evening of January 30, the company released an announcement which said that there were abnormalities with its yesso scallops in some sea regions. And it is expected to suffer from a loss as much as 0.72 billion yuan ...

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